Latest fund size
$140M
Announced
October 3, 2025
Global HQ
United States
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Check size
$500k-$4M
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Stage focus
Pre-Seed, Seed
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Regions of investment
United States, Canada, Europe, Africa, South America, Africa, Asia, India
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Better Tomorrow Ventures (BTV) is a San Francisco-based venture firm focused exclusively on fintech. Founded by Sheel Mohnot, formerly a general partner at 500 Startups, and Jake Gibson, co-founder of NerdWallet, BTV was created on the belief that financial services remain vastly under-digitized despite representing nearly 20 percent of global GDP. The firm partners with fintech founders at the earliest stages and is known for its conviction that opportunities in finance, compliance, payments, and accounting are only beginning to be unlocked.
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Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
BTV invests primarily in seed-stage fintech startups, writing initial checks from 500,000 to 3.5 million dollars.
The firm looks for companies addressing core pain points in financial services, such as banking infrastructure, payments, compliance, and fraud detection.
Increasingly, it has leaned into the application of AI within financial services, where labor-intensive processes like underwriting, accounting, and customer support can be transformed by automation.
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What the fund looks for in founders and which sectors it backs.
In October 2025, BTV announced the close of its third fund at 140 million dollars, nearly matching its 150 million dollar second fund raised in early 2022. The fund will back 30 to 35 companies.
BTV also raised a 75 million dollar opportunity fund alongside its second fund, which has not yet been fully deployed but remains available for follow-on investments.
Members only
Fund size, LPs and track record.
Leadership
BTV is led by co-founders and general partners Sheel Mohnot and Jake Gibson. Mohnot has a background as an operator and investor in fintech, having spent years at 500 Startups leading early-stage bets in the category. Gibson brings deep founder experience as the co-founder of NerdWallet, one of the most successful consumer fintech platforms to emerge in the last decade.
Investment Strategy
The firm maintains a contrarian optimism toward fintech even as enthusiasm has cooled in the broader venture market. Mohnot has argued that digitization in financial services remains in its early stages, creating opportunities across payments, accounting, compliance, and lending.
BTV’s strategy is to lead or co-lead seed rounds and remain closely involved as companies grow.
Its partners emphasize founder support, ecosystem connections, and operational expertise.
Notable Investments
Some recent BTV investments include:
Notable Exits
BTV is still a relatively young firm, and most of its portfolio is in active growth phases.
Several companies such as Unit and Coast are scaling toward potential future liquidity events, but no major exits have been disclosed from the BTV funds to date.
Other
BTV raised its third fund in a more disciplined environment compared to its second fund during the ZIRP boom, aiming for a smaller, more focused vehicle.
Its partners believe the next wave of IPOs in fintech, from companies like Chime, Klarna, Navan, and Wealthfront, will reignite enthusiasm in the category, benefiting early-stage investors.
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Leadership, investment strategy, notable investments and exits.
